GLOSS 发表于 2025-3-23 09:56:02
Introduction and Overview,n in export demand, and in some cases, capital flow volatility resulted in turbulence in foreign exchange and capital markets. The export-led growth model which had driven growth of Asian economies showed its limitations and may have aggravated the negative consequences of the global financial crisiCLAIM 发表于 2025-3-23 16:44:23
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Enhancing Social Protection,ewed as an expensive luxury that only rich economies can afford. Most Asian governments, while maintaining a few social programs to assist very poor and disadvantaged groups, have generally considered social protection as the responsibility of one’s self, family, and close community. The chapter exa万神殿 发表于 2025-3-24 07:34:50
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Forging Regional Cooperation,ional demand. The main topics covered in this chapter are: (i) the provision of foreign exchange liquidity; (ii) implementation of a regional FTA; (iii) cooperation to develop and finance infrastructure investment; (iv) regional monetary and financial institution-building to support regional surveilEndemic 发表于 2025-3-24 16:22:00
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Introduction and Overview,pment that will create more balanced growth. This new model would entail not only growth that is less dependent on exports, but also growth that is inclusive and environmentally sustainable. This change will require a series of domestic structural reforms in Asia and intensive regional policy coordination.anchor 发表于 2025-3-25 00:08:19
Crisis Impact,ater flexibility of foreign exchange rate systems softened the impact of the liquidity crunch. Finally, the depreciation of the region’s currencies against the US dollar during the height of the crisis subsequently helped to improve the competitiveness of exports to propel East Asia’s recovery.